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Hecla Mining Company (NYSE:HL) Announced Prelims For Silver & Gold Q1 Production

By John F. Heerdink, Jr.

Hecla Mining Company (NYSE:HL) today announced its preliminary silver and gold production for the first quarter of 2021.

HIGHLIGHTS INCLUDED:

  • Silver production of 3.5 million ounces, an increase of 7%, due to growing Lucky Friday production.
  • Gold production of 52,004, a decrease of 12%, because of reducing less profitable production.
  • Zinc and lead production increased 25% and 82%, respectively, due to Lucky Friday production.
  • Silver equivalent production of 9.3 million ounces or gold equivalent production of 135,946 ounces.2
  • Quarter-end cash position exceeds $135 million.
“Greens Creek, Lucky Friday and Casa Berardi all had strong operating performance which combined with current silver prices enabled us to close the quarter with more than $135 million in cash. This is our fourth consecutive quarter of increasing cash balances, all attributable to free cash flow generation.” Hecla’s President and CEO, Phillips S. Baker, Jr.
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